What Constellation Energy Corp's SEC filings said

10-Q for 2026Q3, filed 9 Nov 2026, and 1 8-K since. Each line is something a filing stated, ranked by score and linked to its source.

Ranked highest

Quarterly Results and Guidance94 · importance in its document · 8-K exhibit · 9 Nov 2026
Third-quarter 2026 GAAP net income attributable to common shareholders was $1.835 billion, or $5.19 per diluted share, compared with $930 million, or $2.97 per diluted share, in 2025. Adjusted operating earnings were $1.792 billion, or…
Liquidity and Debt Position83 · importance in its document · 10-Q · 2026Q3
The revolving credit facility commitment increased from $4.5 billion to $7.0 billion after the Calpine acquisition closed in January 2026, with maturity extended to September 2030. At September 30, 2026, the company reported total…
Calpine Acquisition and Divestitures71 · importance in its document · 10-Q · 2026Q3
Constellation acquired all outstanding equity interests in Calpine on January 7, 2026, for total consideration of $21.837 billion, including $17.603 billion of stock and $4.342 billion in cash. The deal added a competitive retail platform…
Conditional DOE Loan Commitment71 · importance in its document · 10-Q · 2026Q3
In October 2026, Constellation signed a conditional loan commitment with the DOE Office of Energy Dominance Financing. Subject to execution of a loan agreement, the DOE would guarantee up to $5.0 billion for an unsecured Federal Financing…
Operating Income and Margins69 · importance in its document · 8-K exhibit · 9 Nov 2026
Third-quarter operating income rose to $2.492 billion in 2026 from $1.086 billion in 2025, an increase of approximately 129%. Operating margin increased to approximately 26.1% of revenue from 16.5%. For the first nine months, operating…

Ranked by score, 0–100. A topic read from a document carries its importance within that document; an 8-K event carries the rule score that ranks a filing among filings. Neither is about the share price, and the two scales are named on each row because they are not the same measure.

Latest report: 10-Q · 2026Q3 filed 9 Nov 2026

Full report

Revenue Performance and MixImportance 85
For the nine months ended September 30, 2026, consolidated operating revenue was $28,176 million, up 44.8% from $19,459 million in 2025, while revenue net of purchased power and fuel (RNF) rose 60.0% to $13,401 million…
Liquidity and Debt PositionImportance 83 · +1 more on this subject
The revolving credit facility commitment increased from $4.5 billion to $7.0 billion after the Calpine acquisition closed in January 2026, with maturity extended to September 2030. At September 30, 2026, the company…
Calpine Acquisition and DivestituresImportance 71 · +1 more on this subject
Constellation acquired all outstanding equity interests in Calpine on January 7, 2026, for total consideration of $21.837 billion, including $17.603 billion of stock and $4.342 billion in cash. The deal added a…
Conditional DOE Loan CommitmentImportance 71
In October 2026, Constellation signed a conditional loan commitment with the DOE Office of Energy Dominance Financing. Subject to execution of a loan agreement, the DOE would guarantee up to $5.0 billion for an…
Operating Income and MarginsImportance 69
Operating income increased $1.406 billion to $2.492 billion in the third quarter of 2026 and increased $2.916 billion to $5.404 billion for the first nine months, year over year. Nine-month operating margin was…
Operating Cash Flow TrendsImportance 69
Net cash provided by operating activities was $4.979 billion for the nine months ended September 30, 2026, compared with $3.432 billion in 2025. Capital expenditures increased 76.3% to $3.461 billion from $1.963…
Nuclear Decommissioning ObligationsImportance 69
The nuclear decommissioning asset retirement obligation decreased from $12,908 million at December 31, 2025 to $12,223 million at September 30, 2026. A $1,150 million net decrease from changes in estimated future cash…
Operating Expense TrendsImportance 64
For the first nine months of 2026, purchased power and fuel expense increased $3.692 billion, or 33.3%, to $14.775 billion; segment expense increased $3.701 billion, or 43.6%, to $12.190 billion. Calpine contributed…
Derivative Credit ExposureImportance 63
At September 30, 2026, commodity derivative assets totaled $4,119 million after collateral and netting, compared with $1,382 million at December 31, 2025; derivative net assets were $2,429 million at September 30,…
Quarterly Earnings PerformanceImportance 63
GAAP net income attributable to common shareholders was $1.835 billion for the third quarter of 2026 and $3.938 billion for the first nine months. Nine-month net income increased $2.051 billion year over year,…
DOE Nuclear Loan GuaranteesImportance 62
In November 2025, the DOE Office of Energy Dominance Financing guaranteed up to $1.0 billion for an unsecured Federal Financing Bank loan supporting the restart of the Crane Clean Energy Center; the loan matures in…
Regional Electricity Price TrendsImportance 59
Average day-ahead electricity reference prices rose year over year in several markets in the nine months ended September 30, 2026: PJM West increased 52.9%, PJM ComEd 20.5%, New York Central 25.7%, and ISO-NE Southeast…

8-K filings last 12 months

Guidance raised9 Nov 2026 · 8-K Item 2.02 · Flagged · rule score 60
“Raising midpoint and narrowing full-year Adjusted (non-GAAP) Operating Earnings guidance range to $12.50 - $12.80 per share”
Read from the attached exhibit: Quarterly Results and Guidance · Operating Income and Margins · Guidance and Outlook
Results (release not read)6 Aug 2026 · 8-K Item 2.02 · Routine · rule score 20
Read from the attached exhibit: Liquidity and Debt Position · Capital Expenditures and Cash Flow · Acquisition / Partnership / Divestiture
CEO exit, planned succession5 Aug 2026 · 8-K Item 5.02 · Flagged · rule score 60
“In connection with the retirement of Mr. Lawless as Chair of the Board, the Board elected Joseph Dominguez, the Company’s President and Chief Executive Officer, to serve as Chair of the Board, effective August 4, 2026.”
Read from the attached exhibit: Leadership Transition
Results (release not read)11 May 2026 · 8-K Item 2.02 · Routine · rule score 20
Management change (filing not read)26 Mar 2026 · 8-K Item 5.02 · Routine · rule score 20
Results (release not read)24 Feb 2026 · 8-K Item 2.02 · Routine · rule score 20
New debt15 Jan 2026 · 8-K Items 1.01, 2.03 · Routine · rule score 25
Equity issuance · New debt · Acquisition or disposal completed · Management change (filing not read)7 Jan 2026 · 8-K Items 1.01, 2.01, 2.03, 3.02, 5.02 · Routine · rule score 40
Management change (filing not read)21 Nov 2025 · 8-K Item 5.02 · Routine · rule score 20
New debt18 Nov 2025 · 8-K Items 1.01, 2.03 · Routine · rule score 25

Earlier reports

10-Q · 2026Q2filed 6 Aug 2026
Calpine Acquisition Regulatory Remedies · Liquidity and Cash Position · Interest Rate and Refinancing Exposure

Topics are read from the text of the 10-K, 10-Q or the exhibit attached to an 8-K, each linked to the passage it came from. 8-K events are labelled by fixed rules from the item codes and the filing text — the same rules for every company and every year. The Full Picture merges these with earnings calls and news.